Carmaker Aston Martin's adjusted pre-tax profit falls

Published Thu, Feb 28 2019 3:11 AM EST

Key Points

The automaker reported 136 million pounds of one-off costs due to its initial public offering.

Luxury British carmaker Aston Martin posted an adjusted pre-tax profit of 68 million pounds ($90 million) in 2018, a 7 percent fall on 2017 as it continues to invest in a series of new models and a second factory as part of its turnaround plan.

The automaker, which floated on the London Stock Exchange last year, reported 136 million pounds of one-off costs due to its initial public offering, pushing it to a reported pre-tax loss of 68 million pounds.